Tax boost OK’d by Oregon House
Wednesday, June 10, 2009 10:08 AM PDT
SALEM (AP) — Higher taxes on Oregon corporations and people in upper income brackets were narrowly approved Tuesday by the Oregon House after Democrats argued the revenue is needed to protect state’s vital services from deeper cuts.
The increases, which now advance to the Senate, would raise corporate and individual income taxes by more than $730 million over the next two years.
Democrats say the increases would bring more fairness to the state’s tax code and help pay for schools, public safety and human services programs in the next two years.